Monarch Aircraft Engineering (MAEL) has been selected by Boeing to provide GoldCare airframe maintenance support to a Middle Eastern customer’s Boeing 787-800 Dreamliner operation at Abu Dhabi. This is the fourth Boeing 787 Dreamliner contract for MAEL, whose highly experienced engineering team will shortly introduce support services for the new customer, having successfully added the
WestJet released its first quarter results for 2014, with net earnings of $89.3m, compared with the net earnings of $91.1m in the first quarter of 2013. Based on the trailing twelve months, the airline achieved a return on invested capital of 13.7%, compared with the 13.9% reported in the previous quarter. These results include pre-tax
Xiamen Airlines has selected Boeing’s Airplane Health Management (AHM) system to enhance efficiency in its maintenance and engineering operations. The agreement includes implementation of AHM for the current Xiamen Airlines fleet of 94 Next-Generation 737s and six 787 Dreamliners on order. Xiamen Airlines will use AHM to collect and evaluate airplane operations data while the
SIAEC Group posted a profit of $265.7m for the financial year ended March 31st, 2014. Revenue grew by $31.5m or 2.7%, mainly due to an increase in line maintenance and airframe and component overhaul work, while expenditure increased $44.0m or 4.3%. As aresult, operating profit was $12.5m or 9.8% lower at $115.6m. The increase in
Willis Lease Finance Corporation (WLFC), the premier independent jet engine lessor in the commercial finance sector, reported first quarter 2014 net income was $4.3m, compared to $1.6m, in the first quarter of 2013, and $6.6m in the fourth quarter of 2013. At March 31, 2014, Willis Lease had 200 commercial aircraft engines, 5 aircraft parts
Royal Brunei Airlines, the flag carrier of Brunei Darussalam, has signed a letter of intent with Pratt & Whitney for PurePower PW1100G-JM engines to power seven firm A320neo aircraft (together with three options). Deliveries are scheduled to commence in 2018.
Finnair Aircraft Finance Oy, Finnair’s fleet management subsidiary, has signed a Memorandum of Understanding with Infinity Aviation Capital, a US-based aircraft leasing company, on the sale of three Embraer 170 aircraft to affiliates of Infinity Aviation Capital. The value of the arrangement is approximately US$40m, and the transactions are expected to close in the second
Boeing and Lufthansa celebrated the delivery of the German airline’s 75th 747 on April 30th. Lufthansa is the launch customer for the 747-8 Intercontinental jetliner and took delivery of the first one in April 2012. The airplane delivered Wednesday is Lufthansa’s 13th 747-8 Intercontinental. The airline currently flies the 747 to 22 destinations in 10
Spirit AeroSystems reported first quarter 2014 financial results demonstrating continued robust demand for large commercial aircraft and strong mature program operating performance. Spirit’s first quarter 2014 revenues were $1.7bn, up from $1.4bn for the same period of 2013 on higher production volumes and four additional workdays in the quarter. Operating income was $194m, up from
AFI KLM E&M and Air China Technics jointly expressed their intention to extend the scope of their cooperation in the aircraft maintenance sphere. The initiative is part of a partnership and exchange program between the two parties. Under the terms of the agreement, the AIR FRANCE KLM group will see one of its Boeing 747-400s
